Dallas, TX 75238 Real Estate Market Report

ZIP Code: 75238
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates for properties in the Dallas 75238 area are 6.37%, which is higher than the 6.06% average observed in early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price is the primary indicator of recent market value and liquidity, but the dataset does not include a median sold price value, so representative transaction-level pricing cannot be directly quantified from the provided metrics.

2. The median listing price is $681,500, which, when considered alongside the missing median sold price, suggests there may be a meaningful gap between seller expectations and confirmed transaction prices that appears to warrant caution when pricing new listings or underwriting offers.

3. The median days on market is 92, indicating slower sales velocity versus historically brisk periods and suggesting that sellers may need to allow more time for listings to transact and prepare for extended marketing windows; this aligns with an environment of pricing friction rather than immediate turnover.

4. The market temperature is neutral while price year-over-year trend is up and rent year-over-year trend is down; interest rate pressure is moderate and local 30-year fixed mortgage rates are reported at 6.37% (versus a 6.06% early‑2026 average), a combination that supports continued, measured price appreciation but also introduces headwinds for cash‑constrained buyers and may maintain balanced buyer-seller dynamics.

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Notable Properties

The following 1 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.